ORMOND 3204
State: VICPosiProp AI Investment Summary
ORMOND (VIC 3204) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.9% and has experienced a 12-month capital growth of Down -2.9%, with a median house buy price of $1,806,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,232,500
$1,652,500
$2,000,000
$1,806,500
Suburb Market Profile
Last month Ormond had 54 properties available for rent and 47 properties for sale. Median property prices over the last year range from $1,806,500 for houses to $556,250 for units. If you are looking for an investment property, consider houses in Ormond rent out for $915 PW with an annual rental yield of 2.9% and units rent for $550 PW with a rental yield of 4.9%. Ormond has seen an annual compound growth rate of -2.9% for houses and -7.2% for units.
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